Discovering the Universe: Measuring the Role of Finance Companies in the U.S. Economy

Discovering the Universe: Measuring the Role of Finance Companies in the U.S. Economy

by Federal Reserve Board

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Overview

Discovering the Universe: Measuring the Role of Finance Companies in the U.S. Economy by Federal Reserve Board

Credit to consumers and business is critical to the efficient functioning of the U.S. economy, and finance companies are a key source of such credit. Every five years, the Federal Reserve conducts a two-part survey: the Census of Finance Companies (CFC) to identify the universe of such firms and the Survey of Finance Companies (SFC) to obtain balance-sheet data from firms identified in the CFC. In 2010, this survey underwent a major revision that addressed both the absence of a comprehensive list frame and low response rates. A follow-up study of nonrespondents to the CFC was conducted to obtain information on the operating status of the unobserved firms, and their status as a finance company under the definitions of the CFC. An important complication was the presence of complicated tangles of firms within a corporate hierarchy, whereas the CFC intended to include the consolidated assets of the highest-level parent finance company in such a hierarchy; the follow-up was designed to provide information to estimate the extent of such relationships in the initial sample data. This paper describes the way the CFC and the follow-up were used to construct an estimate of the universe of finance companies.

Product Details

ISBN-13: 9781503223677
Publisher: CreateSpace Publishing
Publication date: 11/14/2014
Pages: 38
Product dimensions: 8.50(w) x 11.00(h) x 0.08(d)

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